| Page | |
|---|---|
| Reference and Administrative Details ofthe Charity, its Trustees and Advisers |
|
| Trustees' Report |
2-8 |
| Independent Examiner's Report |
9-10 |
| Statement of Financial Activities | |
| Balance Sheet | 12 - 13 |
| Statement ofCash Flows | 14 |
| Notes to the Financial Statements | 15-35 |
| REFERENCE AND | REFERENCE AND | REFERENCE AND | ADMINISTRATIVE | DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS | DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS | DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS | DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS |
|---|---|---|---|---|---|---|---|
| FOR THE YEAR ENDED 31DECEMBER 2022 | |||||||
| Trustees | Dr D D Cleevely | CBE,Chairman | |||||
| Ms A H East | |||||||
| Dr C K Lennard | |||||||
| Dr LJSpokes | |||||||
| Mr J Drori | |||||||
| MrJJ P Marsh | (appointed 2 February 2022) | ||||||
| Ms AJWeatherup | (appointed | 2 February 2022) | |||||
| MrJR Short (resigned 2 February 2022) | |||||||
| DrJA Mailed (appointed | 26April 2023) | ||||||
| Mr BFV Cotta | (appointed 26April 2023) | ||||||
| Mr D Cuff (appointed 26 | April | 2023) | |||||
| Company | registered | ||||||
| number | 07962584 | ||||||
| Charity registered | |||||||
| number | 1146349 | ||||||
| Registered | office | 44 Clifton Road | |||||
| Cambridge | |||||||
| CB17ED | |||||||
| Patrons | Lord Rees of Ludlow | ||||||
| Professor Dame | Athena | Donald | |||||
| Chief executive officer | John Bull | ||||||
| Independent | examiner | Peters Etworthy | & | Moore | |||
| Chartered Accountants |
|||||||
| Salisbury House |
|||||||
| Station Road | |||||||
| Cambridge | |||||||
| CB1 2LA | |||||||
| Bankers | Barclays Bank pic 9-11StAndrews |
Street | |||||
| Cambridge | |||||||
| CB2 3AA | |||||||
| Solicitors | Birketts LLP | ||||||
| 22 Station Road | |||||||
| Cambridge | |||||||
| CB12JD |
| Restricted | Unrestricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2022 | 2022 | 2022 | 2021 | |||
| Note | 8 | E | ||||
| INCOME FROM: | ||||||
| Donations | 479,799 | 479,799 | 297,777 | |||
| Charitable activities |
58,225 | 57,625 | 115,850 | 214,726 | ||
| Other trading activities |
13,401 | 13,401 | 4,645 | |||
| Investments | 213 | 213 | 189 | |||
| Other income | 59,572 | 59,572 | 104,506 | |||
| TOTAL INCOME | 58,225 | 610,610 | 668,835 | 621,843 | ||
| EXPENDITURE ON: | ||||||
| Raising funds | 8 | 98,907 | 98,907 | 83,967 | ||
| Charitable activities |
9 | 113,842 | 637,518 | 751,360 | 519,823 | |
| TOTAL EXPENDITURE | 113,842 | 736,425 | 850,267 | 603,790 | ||
| NET MOVEMENT | IN FUNDS | (55,617) | (125,815) | (181,432) | 18,053 | |
| RECONCILIATION | OF FUNDS: | |||||
| Total funds brought | forward | 124,672 | 57,201 | 181,873 | 163,620 | |
| Net movement in funds |
(55,617) | (125,815) | (181,432) | 18,053 | ||
| TOTAL FUNDS CARRIED FORWARD | 59,055 | (68,614) | 441 | 181,873 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | E | |||||
| FIXEDASSETS | ||||||
| Tangible assets | 14 | 10,589 | 45,691 | |||
| Investments | 15 | 1 | 1 | |||
| 10,590 | 45,692 | |||||
| CURRENT ASSETS | ||||||
| Stocks | 16 | 2,648 | 5,984 | |||
| Debtors | 17 | 79,381 | 86,689 | |||
| Cash at bank and | in hand | 154,949 | 267,116 | |||
| 236,978 | 359,789 | |||||
| Creditors: amounts | falling due within one | |||||
| year | 18 | (172,811) | (198,608) | |||
| NET CURRENT ASSETS | 64,167 | 161,181 | ||||
| TOTAL ASSETSLESSCURRENT | ||||||
| LIABILITIES | 74,757 | 206,873 | ||||
| Provisions for liabilities |
19 | (74,316) | (25,000) | |||
| NET ASSETS | 181,873 | |||||
| CHARITY FUNDS | ||||||
| Restricted funds | 20 | 69,05S | 124,672 | |||
| Unrestricted funds |
20 | (68,614) | 57,201 | |||
| TOTAL FUNDS | 181,873 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Note | 5 | |||
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||
| Net cash used in operating activities |
22 | (105,816) | 41,476 | |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||
| Dividends, interests and rents from investments |
213 | |||
| Purchase oftangible fixed assets |
(6,564) | (9,127) | ||
| NET CASH USED IN INVESTING ACTIVITIES | (6,351) | (9,127) | ||
| CHANGE IN CASH AND CASH EQUIVALENTS |
IN THE YEAR | (112,167) | 32,349 | |
| Cash and cash equivalents at the beginning ofthe year |
267,116 | 234,767 | ||
| CASH AND CASH EQUIVALENTS AT THE END | OF THE YEAR | 23 | 154,949 | 267,116 |
| The notes on pages 15to 35form part ofthese financial statements |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2022 | 2022 | 2021 | ||
| F | ||||
| Donations | and grants | 291,882 | 291,882 | 135,277 |
| Executive | Council Membership | 187,917 | 187,917 | 162,500 |
| 479,799 | 479,789 | 297,777 | ||
| TOTAL 2021 | 297,777 | 297,777 |
| Restricted | Unrestricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2022 | 2022 | 2022 | 2021 | |
| 6 | 6 | |||
| Grants | 58,225 | 58,225 | 173,651 | |
| Admissions | 57,625 | 57,625 | 41,075 | |
| 58,225 | 57,625 | 115,850 | 214,726 | |
| TOTAL 2021 | 173,651 | 41,075 | 214,726 |
| Unrestricted | Total | Total | ||||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | ||||||
| 2022 | 2022 | 2021 | ||||||
| E | 8 | |||||||
| Retail sales | 13,401 | 13,401 | 4,645 | |||||
| TOTAL 2021 | 4,645 | 4,645 | ||||||
| 8. | INVESTMENT INCOME | |||||||
| Unrestricted | Total | Total | ||||||
| funds | funds | funds | ||||||
| 2022f | 2022 K |
2021 F |
||||||
| Bank interest | 213 | 213 | 189 | |||||
| TOTAL 2021 | 189 | 189 | ||||||
| 7. | OTHER INCOMING | RESOURCES | ||||||
| Unrestricted | Total | Total | ||||||
| funds | funds | funds | ||||||
| 2022 | 2022 | 2021 | ||||||
| 8 | 6 | 6 | ||||||
| Government | grants | receivable | 16,960 | 16,960 | 104,506 | |||
| Covid-19 business | interruption | insurance | payout | 42,612 | 42,612 | |||
| 59,572 | 59,572 | 104,506 | ||||||
| TOTAL2021 | 104,506 | 104,506 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2022 | 2022 | 2021 | ||
| 5 | 8 | |||
| Events, exhibits and advertising | 3,482 | 3,482 | 5,408 | |
| Bank &finance charges | 214 | 214 | ||
| Premises rent |
9,534 | 9,534 | ||
| Subscriptions | &memberships | 557 | 557 | |
| Office expenses | 280 | 280 | ||
| Professional | and consultancy | 8,089 | 8,089 | |
| Staff costs | 76,751 | 76,751 | 78,559 | |
| 98,907 | 98,907 | 83,967 | ||
| TOTAL 2021 | 83,967 | 83,967 |
| Restricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | Total | Total | ||
| 2022 | 2022 | 2022 | 2021 | ||
| 8 | 6 | 5 | 5 | ||
| Events | and Outreach | 113,842 | 637,518 | 751,360 | 519,823 |
| TOTAL | 2021 | 88,780 | 431,043 | 519,823 |
| Activities | ||||
|---|---|---|---|---|
| undertaken | Support | Total | Total | |
| directly | costs | funds | funds | |
| 2022 | 2022 | 2022 | 2021 | |
| E | 8 | K | ||
| Events and Outreach | 418,627 | 332,733 | 751,360 | 519,823 |
| TOTAL 2021 | 235,511 | 284,312 | 519,823 | |
| ANALYSIS OF DIRECT COSTS | ||||
| Events and | Total | Total | ||
| Outreach | funds | funds | ||
| 2022 | 2022 | 2021 | ||
| F | 8 | F | ||
| Staff costs | 237,513 | 237,513 | 167,050 | |
| Depreciation | 38,361 | 38,361 | 23,229 | |
| Events, exhibits and advertising | 142,753 | 142,753 | 45,232 | |
| 418,627 | 418,627 | 235,511 | ||
| TOTAL 2021 | 235,511 | 235,511 |
| Events and | Total | Total | |||||
|---|---|---|---|---|---|---|---|
| Outreach | funds | funds | |||||
| 2022 | 2022 | 2021 | |||||
| 5 | 5 | ||||||
| Staff costs | 140,200 | 140,200 | 173,707 | ||||
| Depreciation | 3,305 | 3,305 | 3,255 | ||||
| Rent | 77,424 | 77,424 | 57,294 | ||||
| Membership fees |
3,211 | 3211 | 5,743 | ||||
| Rates and utilities | 2,227 | 2,227 | 1,614 | ||||
| Office equipment | 1,611 | 1,611 | 1,688 | ||||
| Bank charges | 846 | ||||||
| Phone and internet | 2,715 | 2,715 | 4,146 | ||||
| Other premises | costs | 18,920 | 18,920 | 20,129 | |||
| Dilapidations | 49,316 | 49,316 | |||||
| Legal and professional | fees | 29,225 | 28,226 | 12,790 | |||
| Non-Audit fees | 4,579 | 4,579 | 3,100 | ||||
| 332,733 | 332,733 | 284,312 | |||||
| TOTAL 2021 | 284,312 | 284,312 | |||||
| INDEPENDENT | EXAMINER'6 REMUNERATION | ||||||
| 2022 | 2021 | ||||||
| Fees payable to | the Charity's | independent | examiner | forthe independent | |||
| examination ofthe Charity's |
annual accounts | 1,320 | 1,200 | ||||
| Fees payable to | the Charity's | independent | examiner | in respect of: | |||
| Preparation ofthe annual accounts |
2,640 | 2,400 |
| STAFF COS | TS | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| E | E | ||||
| Wages and | salaries | 412,575 | 384,768 | ||
| Social security costs | 32,134 | 26,018 | |||
| Contribution | to defined contribution | pension | schemes | 9,755 | 8,530 |
| 454,464 | 419,316 | ||||
| The average | number ofpersons employed | by the Charity during the year was as follows: | |||
| 2022 | 2021 | ||||
| No. | No. | ||||
| Delivery | 12 | 11 | |||
| Business Development | 2 | 2 | |||
| Central | 2 | 2 | |||
| Exhibitions | 2 | 2 | |||
| 18 | 17 |
| 2022 | 2021 |
|---|---|
| No. | No. |
| Fixtures, | ||||
|---|---|---|---|---|
| Leasehold | fittings and | Exhibit | ||
| improvements 6 |
equipment 6 |
costs 6 |
Total 5 |
|
| COST OR VALUATION | ||||
| At 1 January 2022 | 116,144 | 43,929 | 209,730 | 369,803 |
| Additions | 2,912 | 412 | 3,240 | 6,564 |
| At 31 December 2022 | 119,056 | 44,341 | 212,970 | 376,367 |
| DEPRECIATION | ||||
| At 1 January 2022 | 77,783 | 36,599 | 209,730 | 324,112 |
| Charge for the year | 38,361 | 3,305 | 41,666 | |
| At 31 December 2022 | 116,144 | 39,904 | 209,730 | 365,778 |
| NET BOOK VALUE | ||||
| At 31 December 2022 | 2,912 | 4,437 | 3,240 | 10,589 |
| At 31 December 2021 | 38,361 | 7,330 | 45,691 |
| 2022 | 2021 | |
|---|---|---|
| 6 | ||
| DUE AFTER MORE THAN ONE YEAR | ||
| Other debtors | 22,590 | |
| 22,590 | ||
| DUE WITHIN ONE YEAR | ||
| Trade debtors | 32,997 | 25,866 |
| Amounts owed by group undertakings |
159 | 159 |
| Other debtors | 22,595 | 4,393 |
| Prepayments | 23,630 | 33,681 |
| 79,381 | 86,689 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| E | ||||||||
| Trade creditors | 42,247 | 136,590 | ||||||
| Other taxation | and | social security | 14,815 | 10,797 | ||||
| Other creditors | 116 | |||||||
| Accruals | and deferred | income | 115,749 | 51,105 | ||||
| 172,811 | 198,608 | |||||||
| 2022 | 2021 | |||||||
| 5 | 8 | |||||||
| Deferred | income at | 1 January 2022 | 16,250 | 30,000 | ||||
| Resources deferred | during the year | 98,333 | ||||||
| Amounts | released | from previous | periods | (16,250) | (13,750) | |||
| 98,333 | 16,250 |
| PROVISIONS | |
|---|---|
| Drlaprdatrons | |
| 6 | |
| At 1 January 2022 | 25,000 |
| Additions | 49,316 |
| 74,316 |
| STATEMENT OF FUND | S - CU | RRENT YEAR | ||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at 1 | 31 | |||||
| January | Transfers | December | ||||
| 2022 | Income | Expenditure | in/out | 2022 | ||
| 6 | 5 | 6 | K | 6 | ||
| UNRESTRICTED FUNDS | ||||||
| General | 11,eto | 610,610 | (736,425) | 35,102 | (79,203) | |
| Capital fund | 45,691 | (35,102) | 10,589 | |||
| 57,201 | 610,610 | (736,425) | (68,614) | |||
| RESTRICTED FUNDS | ||||||
| FAAM - Atmospheric Science |
3,000 | (3,000) | ||||
| Norfolk Community Foundation |
||||||
| -Dudgeon Community Fund |
8,500 | e,eoo | ||||
| Association ofScience and | ||||||
| Discovery Centres (ASDC) | 727 | 2,500 | (3,227) | |||
| WOW STEM Educational | ||||||
| support | 32,147 | (28,347) | 3,800 | |||
| East Coast Skills - 2 | ||||||
| Roadshows | 10,283 | (5,142) | 5,141 | |||
| Cambridge Consultants |
8,500 | (8,500) | ||||
| SGLGroup | 30,424 | (30,424) | ||||
| Advocacy funding | 17,591 | (17,591) | ||||
| Johnson Matthey |
12,500 | 2,000 | (11,375) | 3,125 | ||
| Royal Academy of Engineedng | ||||||
| Igenious awards | 8,985 | (2,246) | 6,739 | |||
| North Cambrtdge Community |
||||||
| Partnership (NCCP) - STEM |
||||||
| Club | 1,990 | (1,990) | ||||
| Ironmongers Foundation |
- Jack | |||||
| Hunt School Roadshow | 8 3 | |||||
| feeder primaries | 9,928 | 9,928 | ||||
| The Mrs L D Rope Third | ||||||
| Charitable Settlement |
3,000 | 3,000 | ||||
| STEM School Roadshow | - The | |||||
| Geoffrey Watling Charity |
4,000 | 4,000 | ||||
| STEM School Roadshow- | ||||||
| Ganzoni Charitable Trust |
2,000 | 2,000 | ||||
| Royal Society ofChemistry | 8,000 | 8,000 | ||||
| The Steel Charitable Trust |
12,322 | 12,322 | ||||
| Page 29 |
| Balance at | |||||
|---|---|---|---|---|---|
| Balance at | 31 | ||||
| 1 January | Transfers | December | |||
| 2021f | Income 6 |
Expenditure 5 |
in/out 6 |
2021 F |
|
| UNRESTRICTED FUNDS | |||||
| General | 60,971 | 448,192 | (515,010) | 17,357 | 11,510 |
| Capital fund | 63,048 | (17,357) | 45,691 | ||
| 124,019 | 448,192 | (515,010) | 57,201 | ||
| RESTRICTED FUNDS | |||||
| King Bedouin Foundation- | |||||
| Amgen | 9,299 | (9,299) | |||
| FAAM - Atmospheric Science |
3,000 | 3,000 | |||
| Association ofScience and | |||||
| Discovery Centres (ASDC) | 8,000 | (7,397) | 603 | ||
| Eligator Sansom Family Fund | 35,547 | (35,547) | |||
| Norfolk Community Foundation |
8,500 | 8,500 | |||
| Luton Outreach Project |
12,174 | (12,174) | |||
| ASDC - Explore Your Universe | 4,200 | (4,076) | 124 | ||
| Qualcomm Foundation |
7,186 | (7,186) | |||
| WOW STEM Educational | |||||
| support | 32,147 | 32,147 | |||
| East Coast Skills -2 | |||||
| Roadshows | 10,283 | 10,283 | |||
| Cambridge Consultants |
8,500 | 8,500 | |||
| BGLGroup | 30,424 | 30,424 | |||
| Aviva - Youth STEM club | 1,828 | (1,828) | |||
| Advocacy funding | 20,000 | (2,409) | 17,591 | ||
| Johnson Matthey |
12,500 | 12,500 | |||
| Other | 9,864 | (8,864) | 1,000 | ||
| 39,801 | 173,651 | (88,780) | 124,672 |
| ANALYSIS OF NET A | SSETS BETWEEN FUNDS | -CURRENT YEAR | ||
|---|---|---|---|---|
| Restricted | Unrestricted | Total | ||
| funds | funds | funds | ||
| 2022 | 2022 | 2022 | ||
| 8 | E | |||
| Tangible fixed assets | 10,589 | 10,589 | ||
| Fixed asset investments | 1 | 1 | ||
| Debtors due aRer more | than one year | 22,590 | 22,590 | |
| Current assets | 69,055 | 145,333 | 214,388 | |
| Creditors due within one year | (172,811) | (172,811) | ||
| Provisions for liabilities |
and charges | (74,316) | (74,316) | |
| TOTAL | 69,055 | (68,614) | ||
| ANALYSIS OF NET ASSETS BETWEEN FUNDS | -PRIOR YEAR | |||
| Restricted | Unrestricted | Total | ||
| funds | funds | funds | ||
| 2021 | 2021 | 2021 | ||
| 6 | 6 | 6 | ||
| Tangible fixed assets | 45,691 | 45,691 | ||
| Fixed asset investments | 1 | 1 | ||
| Debtors due after more | than one year | 22,590 | 22,590 | |
| Current assets | 124,672 | 212,527 | 337,199 | |
| Creditors due within one year | (198,608) | (198,608) | ||
| Provisions for liabilities |
and charges | (25,000) | (25,000) | |
| TOTAL | 124,672 | 57,201 | 181,873 |
| 22. | RECONCILIATION OF NET MOVEMENT | RECONCILIATION OF NET MOVEMENT | RECONCILIATION OF NET MOVEMENT | RECONCILIATION OF NET MOVEMENT | IN FUNDS TO NET | IN FUNDS TO NET | IN FUNDS TO NET | CASH FLOW | CASH FLOW | FROM OPERATING | FROM OPERATING |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ACTIVITIES | |||||||||||
| 2022f | 2021 | ||||||||||
| Net income/expenditure |
for the | year | (as | per | Statement | of | Financial | ||||
| Activities) | (181,432) | 18,053 | |||||||||
| ADJUSTMENTS FOR: | |||||||||||
| Depreciation charges |
41,866 | 26,484 | |||||||||
| Dividends, interests and rents from |
investments | (213) | |||||||||
| Decrease/(increase) | in stocks | 3,336 | (4,049) | ||||||||
| Decrease/(increase) | in debtors | 7,308 | (5,762) | ||||||||
| (Decrease)/increase | in creditors | (25,797) | 6,750 | ||||||||
| Movement in provisions |
49,316 | ||||||||||
| NET CASH PROVIDED BY/(USED | IN) OPERATING ACTIVITIES | (105,816) | 41,476 | ||||||||
| 23. | ANALYSIS OF CASH AND CASH | EQUIVALENTS | |||||||||
| 2022 | 2021 | ||||||||||
| E | |||||||||||
| Cash in hand | 154,949 | 267,116 | |||||||||
| TOTAL CASH AND | CASH EQUIVALENTS | 154,949 | 267,116 | ||||||||
| 24. | ANALYSIS OF CHANGES | IN NET | DEBT | ||||||||
| At 1 | At 31 | ||||||||||
| January | December | ||||||||||
| 2022 8 |
Cash flows 6 |
2022f | |||||||||
| Cash at bank and in | hand | 267,116 | (112,167) | 154,949 | |||||||
| 267,116 | (112,167) | 164,949 |